KERX - Keryx Biopharmaceuticals - NASDAQ

[SteadyZ]

Wow, its moving quick, it's at .25 already.

[Stretcher75]

This stock traded sideways for about 5 days before todays spike, the MM's control these type things. Correct me if I'm wrong.

[SteadyZ]

Brother, this thing has been trading sideways for the last 8 month.  For some reason today its rippin.  The news it released, has alot to do with it.

[Stretcher75]

Think your looking at the wrong chart, back in early November of this year it trade about 200% in two days and mid October of this year it spiked for 100% in one day.

[jmurfk]

Up a little in Pre-market


AEterna Zentaris Partner, Keryx Biopharmaceuticals, Receives Orphan-Drug Designation for Perifosine (KRX-0401) for the Treatment of Multiple Myeloma
0 minutes ago - Pr Newswire

As of 12:00 AM ET 9/15/09
AEterna Zentaris Inc. (NASDAQ: AEZS, TSX: AEZ), ("the Company") a global biopharmaceutical company focused on endocrine therapy and oncology, today announced that Keryx Biopharmaceuticals, Inc. (Nasdaq: KERX), its partner and licensee for perifosine in the North American market, has received orphan-drug designation for this compound from the U.S. Food and Drug Administration (FDA) for the treatment of multiple myeloma. In August, Keryx announced that it had reached agreement with the FDA regarding a Special Protocol Assessment (SPA) on the design of a Phase 3 trial with perifosine in relapsed/refractory multiple myeloma and that the study is expected to start by year-end.

Juergen Engel, Ph. D., President and CEO of AEterna Zentaris stated, "We are very pleased with perifosine gaining Orphan Drug Designation from the FDA as it would provide extra market exclusivity protection for this compound. We now look forward to the start of Keryx's Phase 3 trial in multiple myeloma by year-end."